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April 2, 2018

Venezuela
O'Neil speaks at the Inter-American Dialogue Venezuela’s Migration Crisis

Yesterday I joined Dany Bahar, David M. Rubenstein Fellow at the Brookings Institution, and Francisca Vigaud-Walsh, Senior Advocate for Women and Girls at Refugees International, at the Inter-America…

April 27, 2018

Venezuela
Venezuela's Oil Minister and President of the Venezuelan state oil company PDVSA Manuel Quevedo attends the event launching the new Venezuelan cryptocurrency "Petro" in Caracas, Venezuela February 20, 2018. Why Oil Sanctions Against Venezuela No Longer Make Sense

This post is co-written by David R. Mares, the Institute of the Americas chair for Inter-American Affairs and professor for political science at the University of California San Diego and the Baker I…

March 5, 2018

Energy and Climate Policy
The Suezmax sized oil tanker Karvounis lies at anchor stranded off the coast of Louisiana for lack of a bank letter of credit to discharge its cargo of Venezuelan heavy crude, south of Port Fourchon, Louisiana, U.S. August 17, 2017. OPEC’s Venezuela Dilemma and U.S. Energy Policy

As senior officials from the Organization of Petroleum Exporting Countries (OPEC) gather in Houston for the international industry gathering CERA Week, they will be listening carefully to speeches by…

February 27, 2018

Venezuela
People cross over the Simon Bolivar international bridge to Colombia from San Antonio del Tachira. Venezuela's Neighbors Can't Wait for Uncle Sam

Venezuela’s refugee crisis is metastasizing. According to the United Nations, 5,000 Venezuelans have fled to Curacao, 20,000 to Aruba, 30,000 to Brazil, 40,000 to Trinidad and Tobago, and more than 6…

December 17, 2009

Brazil
2009.12.16.VEN Venezuela’s Risk Unhinged

The credit risk of oil exporting countries such as Venezuela and Russia tends to move with the price of oil. As a country’s oil export revenue improves, so does its ability to pay its debts. Recent…

October 11, 2011

Human Rights
Venezuela’s Presidential Race Venezuela’s Presidential Race

Members of Venezuela's militia and supporters of Venezuela's President Chavez attend a ceremony in Caracas (Jorge Silva/Courtesy Reuters). Today, chances are Hugo Chávez will face off agai…

November 28, 2007

Politics and Government
Voting in Venezuela

This Sunday Venezuelans will vote on a referendum comprising 69 changes to the existing Constitution. Many of these push the country further toward Chavez’s 21st Century Socialism, expanding pensions…

July 7, 2016

Trade
Venezuela's President Nicolas Maduro stands in front of an image depicting the country's late President Hugo Chavez during a meeting with members of Venezuela's United Socialist Party (PSUV) in Caracas Venezuela’s Woes Reach Mercosur

Mercosur is under considerable internal strain. As at other times in the trade bloc’s history, shifting political winds and changing trade priorities have placed the member countries at loggerheads. …

April 27, 2017

Venezuela
Shannon Facebook Live Venezuela Facebook Live: The Crisis in Venezuela

This afternoon I joined James M. Lindsay, senior vice president, director of studies, and Maurice R. Greenberg chair at the Council on Foreign Relations, to discuss the political and economic crisis …

January 23, 2018

Venezuela
The corporate logo of the state oil company PDVSA is seen at a gas station in Caracas, Venezuela December 1, 2017. How Much Worse Can it Get for Venezuela’s State Oil Firm PDVSA?

Venezuela’s latest attempt to raise capital by issuing a cryptocurrency, the petro, linked allegedly to its Orinoco oil reserves is problematical on so many levels, it is hard to know how to comment …